South Korea's Tobacco Export to Russia Reaches Record High

Regulations by 2FIRSTS.ai

Aug.12.2024

South Korea's Tobacco Export to Russia Reaches Record High

South Korea's tobacco and cigarette exports to Russia reached a nearly seven-year high, hitting $4 million in June.

According to a report by Pravda on August 11th, South Korea's export of tobacco and cigarettes to Russia in June of this year reached the highest level in nearly seven years, totaling $4 million. This figure is 2.3 times higher than in May and also marks the highest record since July 2017.

In the first half of this year, South Korea's total tobacco exports to Russia increased by 20%, reaching $12.3 million. This is compared to the total export of $12.8 million for the entire year last year.

According to reports, Russia's June tobacco imports mainly consisted of tobacco raw materials worth $1.2 million. In addition, there were $1 million worth of e-cigarettes, $880,000 worth of cigars, and $908,000 worth of industrial tobacco and alternatives.

The largest tobacco producer in South Korea is KT&G company, which played a key role in the growth of exports.

References:

[1] Южная Корея нарастила экспорт табака в Россию в 2,3 раза за месяц

Also Read:

[1] KT&G Reports Strong Second Quarter Financial Performance in 2024

[2] KT&G and PMI Collaborate to Launch New HNB E-Cigarette in US

[3] Korean Health Survey Reveals Increase in Youth E-cigarette Use

[4] Rising Trend of Teenage E-cigarette Use in South Korea

#Traditional tobacco #Asia #Market #South Korea

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

UK Retailers Urge Government to Include Age-Verification Tech in Tobacco and Vapes Bill

UK convenience retailers have written to several government ministers urging the adoption of age-verification technology in the Tobacco and Vapes Bill. The letter, led by Atul Sodha of Londis, Harefield, and co-signed by 29 other shop owners, calls for a “triple lock” approach combining manufacturer tech, retailer vigilance, and user-level verification to curb youth access.

Nov.28 by 2FIRSTS.ai

Thailand to Establish Inter-Agency Committee to Strengthen E-Cigarette Enforcement

The Thai government will establish an inter-agency committee under the Prime Minister’s Office to address the rapid spread of e-cigarettes among youth. Deputy Prime Minister Sophon Sarum said the fragmented enforcement across multiple laws and agencies has created gaps. The new mechanism will coordinate enforcement, report directly to the Cabinet, and propose legal amendments if current laws are insufficient.

Nov.20 by 2FIRSTS.ai

BAT Expects Around 2% Revenue and Operating Profit Growth in FY25

British American Tobacco (BAT) reaffirmed its 2026 guidance while announcing a £1.3 billion (approximately USD 1.65 billion) share buyback for FY26. The company expects around 2% growth in revenue and adjusted profit from operations for FY25. Accelerating New Category growth, driven by Velo Plus and improving U.S. Vuse performance, is expected to deliver double-digit H2 revenue growth.

Dec.09 by 2FIRSTS.ai

Mongolia Proposes Full Regulation of E-Cigarettes Under Tobacco Law

Mongolia’s Parliament has begun reviewing major amendments to the Tobacco Control Law, which would bring e-cigarettes and other new nicotine products under the same legal framework as traditional cigarettes. The bill also proposes a gradual increase in tobacco excise taxes through 2030 and new restrictions on flavors, marketing, and public smoking.